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for instance, he has not indicated what tax loopholes he would close to pay for his tax cuts. they hope he will be pressed on this wednesday night. we go now to david muir traveling with the romney campaign. >> reporter: hey, jake. good evening from denver. the debate two days from now in this city. mitt romney will appear a short time from now at a rally right behind me. his campaign today acknowledging he will spend most of his time hunkered down, preparing for the most important night of his political career. the debate stage coming together here at the university of denver, where governor romney will stand on the same stage with the president for the first time. romney flying here from boston today, along with a team of top advisers with whom he's practiced extensively. in early september, he spent days at this secluded retreat in vermont. then, more practice in los angeles. then, just this weekend in boston. and playing the role of the president in those mock debates, senator rob portman of ohio. portman taking pointed shots at romney in his answers. as top romney adviser
for instance, he has not indicated what tax loopholes he would close to pay for his tax cuts. they hope he will be pressed on this wednesday night. we go now to david muir traveling with the romney campaign. >> reporter: hey, jake. good evening from denver. the debate two days from now in this city. mitt romney will appear a short time from now at a rally right behind me. his campaign today acknowledging he will spend most of his time hunkered down, preparing for the most important night...
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Oct 8, 2012
10/12
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>> why is it that if you take advantage of a tax break and you're a corporation you're a smart business man, but if you take advantage of something that you need to not be hungry you're a moocher? what kind of business is in a? >> they also sparred over health care. >> the free market has failed us in this instance. >> you can have government regulation of it. just don't have them run it! >> reporter: one rare point of agreement, iraq. >> should not have gone to iraq. afghanistan we had to. >> bill o'real, we should not have gone into iraq. >> reporter: outside and online there was anger not over what was being said but over the snail's pace of the live stream. after paying 4.95 thousands moved to facebook to complain. >> thank you for coming out to see us. >> reporter: after the debate o'riley and stewart apologized for the technical glitches and offered refunds and then in a show of surprising and unprecedented restraint no victory dance around the ring. >> i don't think you can look at these things, you know, of this idea it's a match and there's a winner and the winner takes all. >>
>> why is it that if you take advantage of a tax break and you're a corporation you're a smart business man, but if you take advantage of something that you need to not be hungry you're a moocher? what kind of business is in a? >> they also sparred over health care. >> the free market has failed us in this instance. >> you can have government regulation of it. just don't have them run it! >> reporter: one rare point of agreement, iraq. >> should not have gone...
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Oct 3, 2012
10/12
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that's a tax cut geared towards the wealthy. wants to give a $250,000 tax cut to multimillionaires, but in order to pay for that, even mitt romney's own economists say we'll have to raise taxes on the middle class. that's exactly what crashed the economy and punished the middle class in the first place. you'll hear the president talk about that tonight, and we shouldn't return to those policies. we have to continue moving forward on the path that we're on. the president is rebuilding this economy in a way that's meant to last, with a strong middle class at its core. the last thing we should do is go back to the policies that crashed the economy in the first place. >> all right. >> that's what mitt romney and paul ryan are promising to do. >> stephanie cutter, we're out of time for the moment. thank you for your time this morning. >> thank you, savannah. >> watch tonight's debate live starting at 9:00 eastern, 6:00 pacific time right here on nbc. at 18 minutes past the hour, here's david. >>> a big trial in italy capturing global
that's a tax cut geared towards the wealthy. wants to give a $250,000 tax cut to multimillionaires, but in order to pay for that, even mitt romney's own economists say we'll have to raise taxes on the middle class. that's exactly what crashed the economy and punished the middle class in the first place. you'll hear the president talk about that tonight, and we shouldn't return to those policies. we have to continue moving forward on the path that we're on. the president is rebuilding this...
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Sep 30, 2012
09/12
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in addition to tax cuts, biden talked about social security, medicare, and president obama's plan to end the war in afghanistan. >>> early voting is under way in virginia. the state allows certain voters to begin casting ballots as early as 45 days ahead of an election. volunteers from both the obama and romney camps have been canvassing neighborhoods hoping to attract those early voters. >>> in his weekly internet address, president obama blasted republicans in congress for blasting a vote to help homeowners refinance their mortgages. >> but republicans in congress work to keep it from even getting to a vote. and here we are seven months later still waiting on congress to act. >> mr. obama says the plan would save many homeowners on average $3,000 a year on their mortgages. >>> governor jerry brown today said he had vetoed a bill that would have banned disrupting cell phone service without a court order. the bill was authored in the wake of a decision by b.a.r.t. last year to cut cell phone service in an effort to disrupt a planned protest. brown says that the bill could quote diver
in addition to tax cuts, biden talked about social security, medicare, and president obama's plan to end the war in afghanistan. >>> early voting is under way in virginia. the state allows certain voters to begin casting ballots as early as 45 days ahead of an election. volunteers from both the obama and romney camps have been canvassing neighborhoods hoping to attract those early voters. >>> in his weekly internet address, president obama blasted republicans in congress for...
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Oct 8, 2012
10/12
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. >> governor romney's central for $5c plan calls cut.lion tax- i don't have a $5 trillion tax cut. not telling the truth. >> romney does want to cut tax s that would reduce revenue years.rillion over 10 he said he would offset that by eliminating loopholes and deductions. has refused to say which ones, leaving him open to attack. mitt romney will deliver a today, and president policy.middle east tahman bradley, abc news. >> there was a hot debate on the weekend. commentator tv leaningreilly and left- host jon stewart faced off in a presidential debate on real issues at george washington .niversity demand was so high to see them that crashed the servers. be available for download. it's 43 degrees outside this monday morning. >> still ahead, it's a big day tomorrow for >> welcome back. i'm brian van de graaff. jacqui jeras is attending a conference. we should be in the low 70's this time of year. today we will be back in the mid again.ce there is a frost advisory virginia,st shenandoah, and so forth. we will have a few sticks of some this afternoon. this morning. becoming mostly clou
. >> governor romney's central for $5c plan calls cut.lion tax- i don't have a $5 trillion tax cut. not telling the truth. >> romney does want to cut tax s that would reduce revenue years.rillion over 10 he said he would offset that by eliminating loopholes and deductions. has refused to say which ones, leaving him open to attack. mitt romney will deliver a today, and president policy.middle east tahman bradley, abc news. >> there was a hot debate on the weekend. commentator...
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Oct 4, 2012
10/12
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KQED
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tax reform is hard. the tax code will be00 years old less year and we have had less than a handful of comprehensive reforms as a going-in proposition, it's hard to do. >> i have sympathy for what doug said as well. however here's the thing i watched the debate with a bunch of students out of notre dame university and there was a ton of head scratching going on. i want to quote some of the things the governor said. >> brown: it's a good school so there should be smart students. >> he said "i will not reduce the taxes paid by high income americans. i will not reduce the taxes paid by high income americans." now this is a guy who's going around saying i'm going to have a very large tax cut. >> brown: what does that mean, do you think there? >> what it means is that mitt romney makes a real distinction between cuts in tax rates and cuts in tax liability cuts in what you have to pay the i.r.s. what he's saying is to the wealthy folks we'll cut your rates but raise your deductions so your taxes will be the sam
tax reform is hard. the tax code will be00 years old less year and we have had less than a handful of comprehensive reforms as a going-in proposition, it's hard to do. >> i have sympathy for what doug said as well. however here's the thing i watched the debate with a bunch of students out of notre dame university and there was a ton of head scratching going on. i want to quote some of the things the governor said. >> brown: it's a good school so there should be smart students....
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Oct 4, 2012
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federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax tadd up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behind bowles-simpson, get the rate down, lower deductions and exemptions to create more jobs because there's nothing better getting us to a balanced budget than having more people working, earning more money, paying more taxes, that's by far the most effective and efficient way to get this budget balanced. >> jim you may want to move on to another topic but i would like to say this to the american people, if you believe we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillion, just to give you a sense over 10 years, that's more than our entire defense budget
federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax tadd up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behind bowles-simpson, get...
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Oct 1, 2012
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the concept of automatically register in every one just as everyone we have to serve on a jury or pay taxes, very comfortable with that. one reason i'm incredibly comfortable with that is that in the 2018 election by think it was, 70 million people didn't vote and 80% of those people were unregistered seÓul registration is one of the biggest barriers to voting. also when we talk about things like purging people from voting rooms and about the provision about what's not being counted and people not being on the rule, a lot of that is directly related to the registration problem. so very comfortable with a voter registration. in terms of the mandatory voting its its local question and i think other countries do have mandatory voting just like the jury service or some people have to serve in the military in the compulsory service. one problem with it is i think we have a culture of liberty here in this country. so if we have mandatory voting i certainly think we would want to have a none of the above option so that people could exercise it. politically though we don't know if it is realistic.
the concept of automatically register in every one just as everyone we have to serve on a jury or pay taxes, very comfortable with that. one reason i'm incredibly comfortable with that is that in the 2018 election by think it was, 70 million people didn't vote and 80% of those people were unregistered seÓul registration is one of the biggest barriers to voting. also when we talk about things like purging people from voting rooms and about the provision about what's not being counted and people...
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Oct 6, 2012
10/12
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wealthy huge new tax breaks? because, according to experts, he'd have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how can we ever trust him here? >> brown: meanwhile, on the fox news channel last night, romney reversed course on his remark that 47% of americans don't pay taxes and, in his words, are dependent on government, so he couldn't worry about them and their votes. >> in this case, i said something that's just completely wrong. and absoluly believe, however, that my life has shown that i care about the 100% and that has been demonstrated throughout my life. this whole campaign is about the 100%. when i become president, it'll be about helping the 100%. >> brown: still, president obama was having none of it. >> from the day we began this campaign, we've always said that real change takes time. it takes more than one year or one term, or even one president. it takes more than one party. it certainly can't happen if you're willing to write off half th
wealthy huge new tax breaks? because, according to experts, he'd have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how can we ever trust him here? >> brown: meanwhile, on the fox news channel last night, romney reversed course on his remark that 47% of americans don't pay taxes and, in his words, are dependent on government, so he couldn't worry about them and their votes. >> in this case, i said something that's just...
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Sep 30, 2012
09/12
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an income tax -- simple and fair with regard to the estate tax, if you did away with the estate tax right across the board, in a few years, because you would keep a capital gains tax, treasury would be bringing in more money. who would lose in that would be some charitable -- universities would probably get less money for -- from big endowments. you would have other charities getting less money. they'd probably keep it in the family. but a family business would survive. and then, now, most people think well, if i leave my business to the family, they'll keep it forever and ever. reality is they'll probably sell sometime, and then the treasury would get a capital gains tax which right now is 15 percent which would be less than the estate tax created and the estate lawyers and trust lawyers would decline significantly if you did away with the federal estate tax and in the long run the treasury would get more money. host: if you're listening on c-span radio, we are wsfn in our nation's capitol and this is carried coast to coast on channel 119. our guest is virgil goode, the constitutio
an income tax -- simple and fair with regard to the estate tax, if you did away with the estate tax right across the board, in a few years, because you would keep a capital gains tax, treasury would be bringing in more money. who would lose in that would be some charitable -- universities would probably get less money for -- from big endowments. you would have other charities getting less money. they'd probably keep it in the family. but a family business would survive. and then, now, most...
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Oct 7, 2012
10/12
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a 5 trillion dollar tax cut. if you believe that we can cut taxes by 5 trillion dollars, you don't come close to paying for 5 trillion dollars in tax cuts and two trillion in additional military speck. >> let me repeat what i said. i'm not in favor of a 5 trillion dollar tax cut, that he not my plan, my plan is not to put-- >> and there's back checking what that means now. >> mitt romney is going to need to get very, very specific. people are tired of ambu get and he did talk about the deductions and more detail. he's going to need to be prepared with barack obama to come out with this stuff. independent voters are listening. generally independent voters do not like muscling from left to right and right to left. what they're interested in it is solutions. if president obama is going to pick on mitt romney he better well have some forward thinking and explain what he's going to do differently the next four years to make him wore thif of getting reelected. if they are the same policies that 114,000 jobs a month is
a 5 trillion dollar tax cut. if you believe that we can cut taxes by 5 trillion dollars, you don't come close to paying for 5 trillion dollars in tax cuts and two trillion in additional military speck. >> let me repeat what i said. i'm not in favor of a 5 trillion dollar tax cut, that he not my plan, my plan is not to put-- >> and there's back checking what that means now. >> mitt romney is going to need to get very, very specific. people are tired of ambu get and he did talk...
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ try the #1 gastroenterologist recommended probiotic. align. align naturally helps maintain digestive balance. ♪ ooh, baby, can i do for you today? ♪ try align today. >> drew: we're here for the showcase, pay close attention, i could go to either one of you. good luck. >> george: lisa and sherie, today we're not just honoring national breast cancer awareness month, we're honoring you and all your milestones, which you'll be able to capture with this pair of digital cameras. ( cheers and applause ) these sony digital cameras produce high definition movies and astounding low-light pictures and come with e-mount 18-55 millimeter lenses. then, kick back and relax as you dip your toes in the pink sand beaches, of the bahamas. ( cheers and applause ) you and a guest will fly roundtrip coach from los angeles to the bahamas for a six-night stay in a one bedroom garden view room at a deluxe
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ try the #1 gastroenterologist recommended probiotic. align. align naturally helps maintain digestive balance. ♪ ooh, baby, can i do for you today? ♪ try align today. >> drew: we're here for the showcase, pay close attention, i could go to either one of you. good luck. >>...
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Oct 3, 2012
10/12
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KTVU
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now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. >>> very calm conditions out there. humidity is up. that's one good sign if you are looking for cooler weather. not much of a west wind yet. the fog is stillaways away. all signs point to cooler weather. 70s, 80s and 90s inland. >>> 7:15. well, in election news, republicans trying to revive president obama's ties to controversy pastor to jeremiah wright. alison burns is live in washington, d.c. to tell us how an old video is surfacing before the first debate. >> reporter: dave, the romney campaign insists it had nothing to do with releasing this video but conservative talk show hosts are making a very big deal about it, showing it -- saying it shows president obama engaged in a divisive class warfare. it's from a 2007 speech at a
now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. >>> very calm conditions out there. humidity is up. that's one good sign if you are looking for cooler weather. not much of a...
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Oct 1, 2012
10/12
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one thing or another is that a tax increase or not? it is through the tax system. so, did you lie? he's going to say no, i did not lie. >> you say something, you call him out on it. here's the deal. romney's not going to try to bring it up in the debate. nor will president obama because the moment you do, you have opened the door for your opponent to actually you out. so, responsibility's going to rest on the debate moderator, who is not going to do it, but again, what people are saying is can i get somebody to tell me the truth? you can cross words all you want to, but there are some things called undeniable truth. so no matter how you want to dance around it, some things are very clear. >> there's also such a thing as throwi throwing things against the wall and that is what the obama campaign has been effective at doing and the romney campaign hasn't been. >> the romney campaign, they have been -- i can show you the proof. go to our website. again, you have campaigns -- >> check up on after the fact. >> my point, you said earlier -- i said absolutely. if you have that many eyebal
one thing or another is that a tax increase or not? it is through the tax system. so, did you lie? he's going to say no, i did not lie. >> you say something, you call him out on it. here's the deal. romney's not going to try to bring it up in the debate. nor will president obama because the moment you do, you have opened the door for your opponent to actually you out. so, responsibility's going to rest on the debate moderator, who is not going to do it, but again, what people are saying...
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long campaign the institute for fiscal studies says in the next ten years based on current government tax and benefit policies eight hundred thousand more children will be dragged into poverty eradicating all the gains that have been made in the last ten years laura smith. well still to come this hour here on r t f ailed chris aden and tell us motorcade had a to pakistan's most troubled region stop short of its final destination now why in just a couple of minutes. private american company hands to the international space station with its first cargo delivery as the hopes to fill the post shuttle era. at how far such missions can go for those businesses craving to conquer the stars there are plenty more stories after a short break. here is that so much different if you consider to be on the mark when is the real levy and the strategy of the u.s. with mission in afghanistan is in a shambles green on blue attacks against coalition. never profit from. coming. in. right now. shells become income. and a piece of art is still. pretty. big. mission free cretaceous free. free. free. free. free. f
long campaign the institute for fiscal studies says in the next ten years based on current government tax and benefit policies eight hundred thousand more children will be dragged into poverty eradicating all the gains that have been made in the last ten years laura smith. well still to come this hour here on r t f ailed chris aden and tell us motorcade had a to pakistan's most troubled region stop short of its final destination now why in just a couple of minutes. private american company...
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. >> nobody likes taxes, but let's not raise anybody's taxes, ok? the fact is, businesses in america are paying the second highest tax rate of anywhere in the world. our business tax rate for america is seventh -- is 35%. ireland, is 11%. where will they go where they can create jobs and do the best for their business? we need to encourage business. of all times in america, we need to cut taxes, encourage business, create jobs, not spread the wealth around. >> that debate took place on october 15, 2008. and a reminder that the 2012 debate -- the first 2012 debate takes place this wednesday. and you can watch on c-span, listen on c-span radio, or watch on line. coming up come on the nevada senate debate. the incumbent and his challenger held their first debate. it is courtesy of kmpb tv. it is one of the closest races in the country. it is an hour. >> could evening. we have the incumbent and challenger who will face off in an hour-long debate. i am mitch fox from vegas cbs and i will serve as moderator. here is the format. each candidate will give a
. >> nobody likes taxes, but let's not raise anybody's taxes, ok? the fact is, businesses in america are paying the second highest tax rate of anywhere in the world. our business tax rate for america is seventh -- is 35%. ireland, is 11%. where will they go where they can create jobs and do the best for their business? we need to encourage business. of all times in america, we need to cut taxes, encourage business, create jobs, not spread the wealth around. >> that debate took place...
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your taxes are going to go up. this is something the romney campaign said over and again is not true but he doesn't go out and vociferously prove that is not true. >> exactly. it shouldn't even be the discussion at this point. the discussion should be that he is not going to permit president obama to raise taxes. he is not going to permit president obama to continue to swell the scale of government and, crush generations of unborn americans. that should be his focus. instead he is talking about tax expenditures and how to close loopholes and broadening marginal tax rates while reducing them. a lot of people are going, what the hell is he talking about? and in fact he needs to get focused now. melissa: here's my question because you're not the only one saying this. >> i know that. i know that. i hate it when i'm not original. melissa: maybe you said it first. >> no, i didn't. >> so is no one saying this to the romney campaign? are they just not hearing it? where is the diskoshth because it is obvious to all of us ou
your taxes are going to go up. this is something the romney campaign said over and again is not true but he doesn't go out and vociferously prove that is not true. >> exactly. it shouldn't even be the discussion at this point. the discussion should be that he is not going to permit president obama to raise taxes. he is not going to permit president obama to continue to swell the scale of government and, crush generations of unborn americans. that should be his focus. instead he is talking...
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ta >> for 18 months he's been running on this tax plan. now five months before the election he's saying his big, bold idea is never mind. >> mr. president obama, you're entitled to your own airplane and own house, but not the facts. >> i think it's safe to say the president got trounced. it was the ugliest night. >> the president is going to have to stand up and deliver. he still has a big lead in a couple of key states, but that lead will evaporate quickly. >> he has to step it up. before the debate, we had a new nbc news wall street marist poll. the president up eight points among likely voters in ohio but just two points in virginia and statistically tied in virginia. >> as the late great tim russert would say, it comes down to one state for the romney campaign -- ohio, ohio, ohio. >> now, afghanistan is always in our thoughts. but last week, there was a special incredibly disturbing milestone. the total number of u.s. military deaths in the war eclipsed the 2,000 mark. and tomorrow marks the 11th anniversary of the war in afghanistan.
ta >> for 18 months he's been running on this tax plan. now five months before the election he's saying his big, bold idea is never mind. >> mr. president obama, you're entitled to your own airplane and own house, but not the facts. >> i think it's safe to say the president got trounced. it was the ugliest night. >> the president is going to have to stand up and deliver. he still has a big lead in a couple of key states, but that lead will evaporate quickly. >> he...
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. >> reporter: to taxes. >> why is it that if you take advantage of a tax break and you're a corporation you're a smart businessman. but if you take advantage of something that you need to not be hungry you're a moocher. >> reporter: and even foreign policy. >> it appears that the american foreign policy has been to go into the middle east and try to buy friends. does that ever work? >> yeah, we can buy friends. >> reporter: there were moments you'll likely never see in the presidential debate. >> you just begrudged -- >> you've been begrudging all night. >> no. >> this is nothing but begrudging. >> reporter: there's hair advice for bridging the bipartisan divide in congress. one major snafu of the night, some viewers had difficulties streaming the debate live. there was so much demand it overloaded the servers. >> this whole idea is insanity. >> reporter: prompting tweets like this. your site is more broken than america. the rumble 2012 will soon bel toed by the refund 2012. at a press conference after the debate, bill o'reilly responded and said if fib wants their 4$ 9 $4.95 back they'
. >> reporter: to taxes. >> why is it that if you take advantage of a tax break and you're a corporation you're a smart businessman. but if you take advantage of something that you need to not be hungry you're a moocher. >> reporter: and even foreign policy. >> it appears that the american foreign policy has been to go into the middle east and try to buy friends. does that ever work? >> yeah, we can buy friends. >> reporter: there were moments you'll likely...
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yeah yeah i think he he was he was certainly enlarging the truth on his tax plans and on what he was saying about obamacare medicare he has got some explaining to do over the coming days and weeks because he this is one of the problems with romney that he does play fast and loose with the fact sometimes it's government trouble before i think the question is how hard you are on him on these you know how how serious those mistakes are and where the you concentrate more on the style of barmah because that's what he's now got to make up rather than getting too wonky again to sort of pointy headed academic but sure there's got to be there's going to be some explaining and also you know the the big difference in. their present facts is that a farmer is still trying to help the less well off and romney is trying to help the better better off that fact needs to be delineated i don't know whether you would agree with that maybe used you all i mean rather than saying aided by romney's you know his newfound affection for the no i think it's a very good point rachel do you want to handle that i
yeah yeah i think he he was he was certainly enlarging the truth on his tax plans and on what he was saying about obamacare medicare he has got some explaining to do over the coming days and weeks because he this is one of the problems with romney that he does play fast and loose with the fact sometimes it's government trouble before i think the question is how hard you are on him on these you know how how serious those mistakes are and where the you concentrate more on the style of barmah...
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tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map of where the tresh is, now you get this opinion letters from lawyer, if you follow one every one of these steps, you can get your treasure untaxed to the cayman islands. one of the things the times points out because of the way these were set up and the fees they were charged against them, the less taxes paid by those who were investing, the greater the sum available and therefore the higher the fees that romney collected. >> karen finney, romney, you get the sense the romney campaign expected that the tax return story was a story
tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal fo to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires squeal] now meet carl who works from the coffee shop and uses the free wi-fi. marie works from there too. she's an identity thief who used a small device to grab his wi-fi signal, then stole enough personal information to hijack and drain his bank accounts. every yemillions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. this is identity theft and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protecti
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who...
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tax policy center forecasts american households will pay on average $3,500 more in tax physician congress let the bush era tax cuts expire for everyone. what effect could that and across the board spending cuts have on the wider economy? a new report from the center for regional analysis at george mason university predicts that some 277,000 federal employees will lose their jobs in the next 12 months. that's 14% of the federal workforce. and 14 of the 17 economists surveyed by cnn money predict fiscal cliff will cause a new recession. interestingly all 17 believe the economy won't plunge off the cliff because they think congress will finally get its act together and do something in the lame duck session following the elections or when the new congress convenes in late january. lame in either case. but by then it could be too late for the economy because companies don't like uncertainty as you know and some say they are holding back on hiring. we can't have an economic recovery without job creation. >> so with the looming economic disaster like the fiscal cliff you would have expected the
tax policy center forecasts american households will pay on average $3,500 more in tax physician congress let the bush era tax cuts expire for everyone. what effect could that and across the board spending cuts have on the wider economy? a new report from the center for regional analysis at george mason university predicts that some 277,000 federal employees will lose their jobs in the next 12 months. that's 14% of the federal workforce. and 14 of the 17 economists surveyed by cnn money predict...
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. >> chris: bush tax cuts -- >> tax breaks. he passed the obamacare taxes and a dozen hit middle income taxpayers breaking the promise and he proposes a maxive tax increase on job creators in january and to go to your question, we don't think the idea or solution is to impose new taxes on low income people, we want people out of poverty and back to the middle class, why our economic policies are designed to create jobs, and opportunities so people can get higher take-home pay and the key is this: get people from not paying income taxes because they've had incomes to the middle class so they have jobs that have higher take-home pay and they pay taxes, we want to create more taxpayers and don't wan to tax more people with bad tax policy, we want to create taxpayers by growing the middle class and getting people back to work with higher take-home pay and the secret is economic growth, chris. look, the premise of the conversations, the premise of tax -- your tax reform point is, as if the economic pie is fixed and it is the governo
. >> chris: bush tax cuts -- >> tax breaks. he passed the obamacare taxes and a dozen hit middle income taxpayers breaking the promise and he proposes a maxive tax increase on job creators in january and to go to your question, we don't think the idea or solution is to impose new taxes on low income people, we want people out of poverty and back to the middle class, why our economic policies are designed to create jobs, and opportunities so people can get higher take-home pay and...
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is going to increase taxes across the board of the biggest tax increase in history on january 1st. and mitt romney understands that you have to have small business to grow these jobs. and that's the way we're going to invest in small businesses. take the job-killing obamacare regulations that will crush small businesses, but then give -- replace it with good policies that allow businesses to buy health insurance with what they need, buy it across state lines, have preexisting conditions covered. but the kind of policies that they won't be bankrupt and fined. and 20 million people are expected by this -- by the administration's own calculations, 20 million people -- i guess it was cbo said it would lose their coverage under obama care and that's not going to work for my state of virginia. >> i have to say, i hope he has your ability to go without taking a breath and have things that make sense. jim, let me ask, barbara talked about mitt romney wants to talk about his tax plan. i'm sure that the president wants to talk about mitt romney's tax plan too. specifically that promise to cu
is going to increase taxes across the board of the biggest tax increase in history on january 1st. and mitt romney understands that you have to have small business to grow these jobs. and that's the way we're going to invest in small businesses. take the job-killing obamacare regulations that will crush small businesses, but then give -- replace it with good policies that allow businesses to buy health insurance with what they need, buy it across state lines, have preexisting conditions...
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let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you interrupted me. >> here are the specifics. >> excuse me. >> let's talk the other big. >> no, no, let's not. let's let him respond to this specific on dodd-frank. >> some viewers also wondered why lehrer didn't challenge romney's attack on his own network, pbs. >> i'm going to stop the subsidy to pbs. i love big bird. actually like you, too, but i'm not going to keep on spending money to borrow money from china to pay for it. >> the web went wild for big bird. shame shame. mentions of big bird went up 800,000%. seriously, though. l lehrer with his criticized for not explaining dodd-frank and simpson bowles to the public. obama adviser s
let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you...
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Sep 30, 2012
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we get terrible marks on taxes and regulation. on the burden of government regulation the united states ranks 76th, with a score of 3.3 on a total scale of from zero to seven, on the extent and effect of taxation you can the united states ranks 69th out of 144 countries on total tax rate, percentage of profit, the united states came in 103rd out of 144. now the truth is that overall, the u.s. economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves competitive. america has to make itself attractive for investors, consumers and tourists alike but also should make the crucial investments we need for a 21st century
we get terrible marks on taxes and regulation. on the burden of government regulation the united states ranks 76th, with a score of 3.3 on a total scale of from zero to seven, on the extent and effect of taxation you can the united states ranks 69th out of 144 countries on total tax rate, percentage of profit, the united states came in 103rd out of 144. now the truth is that overall, the u.s. economy remains highly competitive the world economic forums report ranks the u.s. overall as the...
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pairs with it fast tax legislation tax reform. it replaces the discretionary cuts across the board with longer term reductions in mandatory spending. it would be nice to see the senate come up with sending to go to conference and hammer this out. that is a way to do this. the tax reform, as i mentioned will be really hard. on february 3rd of next year, the 16th amendment, that is my birthday, so everyone write it down, the 16th amendment will be 100 years old. that's what gave us income tax. our income tax is 100 years old. in those 100 years we have had less than a handful of comprehensive reforms. so the notion we're going do that in a lame duck is insanity. it is going to be hard to do to begin with. i think we ought to acknowledge that. grease the skids as much as possible. extend current policy commit to doing tax reform and get it done in 2013 because it is part of what is necessary for us to thrive economically over the long term. >> can i make a comment on that? doug is really knocking down a straw man. nobody is suggestin
pairs with it fast tax legislation tax reform. it replaces the discretionary cuts across the board with longer term reductions in mandatory spending. it would be nice to see the senate come up with sending to go to conference and hammer this out. that is a way to do this. the tax reform, as i mentioned will be really hard. on february 3rd of next year, the 16th amendment, that is my birthday, so everyone write it down, the 16th amendment will be 100 years old. that's what gave us income tax....
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they want the irs to tax them. plus, hear from the man planning a death-defying recordsetting jump from the edge of space. >>> a campus police officer shot and killed this 18-year-old freshman at the university of south alabama yesterday. school officials say gilbert collar rushed the officer several times and kept threatening him. he reportedly was make ed and abbinging eradically. his friends remembered a different student. >> you could ask anyone that knew him. he was a great, loving guy. always made people smile. you know, is not the kind of guy that people move him and said he would do something like this. >> i want to bring in cnn legal contributor paul cowen joining us from new york. paul, good morning. >> good morning, randi. >> the victim in this case is 18 years old. he was a college freshman. considering the circumstances, he was apparently, reportedly, make ed. wouldn't they have been able to see that he wasn't armed? i mean, why do you think it led to something like this? >> you know, randi, the early
they want the irs to tax them. plus, hear from the man planning a death-defying recordsetting jump from the edge of space. >>> a campus police officer shot and killed this 18-year-old freshman at the university of south alabama yesterday. school officials say gilbert collar rushed the officer several times and kept threatening him. he reportedly was make ed and abbinging eradically. his friends remembered a different student. >> you could ask anyone that knew him. he was a great,...
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romney smiled real pretty but still said nothing to clue us in on his specifics on tax plan or foreign policy. this from david. darn right, conservatives are itching to get to the polls, we can't take four more years of an ineffective presidency. not enthusiastic at all. i really don't care for either candidate what we need is a strong third or maybe fourth political party so we have a real choice. i will vote for obama because in spite of his failings, i think obama cares more about the middle class. facebook.com/carolcnn. thanks for your comments and thanks for watching my show today. i am karen costello. "cnn newsroom" continues with ashley banfield. >>> hello, everybody. here is how we begin. the story of the house is the romney doctrine, the world according to the republican nominee for the president of the united states. mitt romney is laying out his foreign policy platform in just about 20 minutes from now and we have the live cameras trained at the virginia military institute. will you hear him as he takes to the mic and possibly a global audience. you will hear it here on cnn
romney smiled real pretty but still said nothing to clue us in on his specifics on tax plan or foreign policy. this from david. darn right, conservatives are itching to get to the polls, we can't take four more years of an ineffective presidency. not enthusiastic at all. i really don't care for either candidate what we need is a strong third or maybe fourth political party so we have a real choice. i will vote for obama because in spite of his failings, i think obama cares more about the middle...
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a temporary tax holiday end january 1st. according to the "times" there's little desire by republicans or democrats to extend it. some 160 million americans will see their taxes jump by $1,000. >> britain's "guardian" reports a russian court put off appeal by a russian punk band. three members were sentenced to two years in prison for performing a song in cathedral criticizing vladimir putin. >>> the "los angeles times" says governor jerry brown signed a new law on sunday allowing hundreds of young undocumented immigrants to have drivers license. they were eligible for work permits under new obama policy. >> the ft. worth star tellgram said texas had two minor earthquakes. the first was 3.4. the second was 3.1. there was no major damage but after shocks are expected for the next few days. >> "usa today" says good-bye to an american classic. the bench seat in cars. the chevrolet impala is the last car with bench seats as an option. >>> take a look at this video from a typhoon that hit japan over the weekend. this car that was
a temporary tax holiday end january 1st. according to the "times" there's little desire by republicans or democrats to extend it. some 160 million americans will see their taxes jump by $1,000. >> britain's "guardian" reports a russian court put off appeal by a russian punk band. three members were sentenced to two years in prison for performing a song in cathedral criticizing vladimir putin. >>> the "los angeles times" says governor jerry brown...
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>> in the context of comprehensive tax reform everything should be looked at. we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the problem. we have a $1 trillion annual deficit. carried interest would carry about one tenth of 1%. we should solve the deficit. >> it sounds like you say keep it. >> i'm saying look at everything but look at it in the context what it will kofl. our bigger is not carried interest it's the deficit and the $16 trillion of debt. that's a far greater problem. >> what would you do and what would you recommend whoever the next president do to solve the fiscal cliff crisis? >> first what i would recommend and again i was in government and i didn't solve all these problems so i'm not a person that
>> in the context of comprehensive tax reform everything should be looked at. we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the...
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romney repeatedly insisted he was not advocating a big tax cut. in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years romney has been campaigning on a tax cut that would cost around $5 trillion over ten years. romney said he would eliminate deductions and cut spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which was 0.01% of federal spending in 2012. medicaid was 0.13%. romney also spoke in favor of regulations including much of the dodd/frank bill and he repeatedly held up as a model his health care plan in massachusetts which has added center the individual mandate and on which obama care is based. romney's transformation did not happen overnight. the candidate has been reworking his stump speech. in a very smart analysis, npr pointed out romney has a five point stump speech. the first four points are actually identical to obama's stump speech. two, domestic energy, three,
romney repeatedly insisted he was not advocating a big tax cut. in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years romney has been campaigning on a tax cut that would cost around $5 trillion over ten years. romney said he would eliminate deductions and cut spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which...
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i don't have a tax cut that's $4 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. i think we need more. don't believe me. speaker gingrich was pretty eloquent in running during the primaries and saying mitt romney will say absolutely anything to get elected. >> you know, the thing is again, robert gibbs is saying this five days late e, four days later. why didn't the president say that the night of the debate? and secondly, i don't know about you guys, but i'm thinking if it was my gut reaction and again, i was harshly critical of mitt romney and i'm a guy that worries first about debt and i always have. i heard mitt romney say i won't pass a tax cut that raises the deficit. sounds pretty much like the romney doctrine to me. that's what i took away from that debate. >> coming up, the mayor of chicago, rahm emanuel joins us. how chicago is going up against san antonio to see which city can get healthier, first. and up next, a new pbs documentary goes behind the scenes of the presidential campaigns for the person
i don't have a tax cut that's $4 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. i think we need more. don't believe me. speaker gingrich was pretty eloquent in running during the primaries and saying mitt romney will say absolutely anything to get elected. >> you know, the thing is again, robert gibbs is saying this five days late e, four days later. why didn't the president say that the night of the debate? and secondly, i don't...
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a business it's very difficult to run a business if you're successful in business they're going to tax you to death and in the meantime they're all running absolutely ridiculous communist era sized socialist states the truth is western europe is bankrupt it cannot afford the howard government be the major economic actor in the system and therefore just as we saw russian communism collapsed so too we're seeing the death of western european socialism. u.k. prime minister david cameron has warned that he would veto the e.u.'s new budget if necessary he suggested the e.u. should have two separate budgets one for countries which use the euro and one for those who don't later economic historian professor robert skidelsky tells our see that london is quite used to blaming others for its own economic troubles. the sad fact is that the british economy has been shrinking slowly almost for a year now rather like a very slowly leaking balloon and the government of been trying in one or two small ways to give it a bit of a stimulus one thing is that they're blaming everyone but themselves per schoo
a business it's very difficult to run a business if you're successful in business they're going to tax you to death and in the meantime they're all running absolutely ridiculous communist era sized socialist states the truth is western europe is bankrupt it cannot afford the howard government be the major economic actor in the system and therefore just as we saw russian communism collapsed so too we're seeing the death of western european socialism. u.k. prime minister david cameron has warned...
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because, frankly, my discussion about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> but last night, romney had a complete about face. now he is denouncing that remark all together. >> clearly in a campaign with hundreds, if not thousands of speeches and question and answer sessions, now and then you're going to say something that doesn't come out right. in this case i said something that's just completely wrong. i absolutely believe, however, that my life has shown that i care about 100%. and that's been demonstrated throughout my life. and this whole campaign is about the 100%. when i become president, it will be about helping the 100%. >> cnn political editor paul steinhauser joins me now in washington. romney chose to clarify his remark on fox. no accident there perhaps. >> he was doing an interview there last night with his running mate, paul ryan. i think what you heard last night was the answer mitt romney would have given in the presidential debate wednesday night if he had been asked by president obam
because, frankly, my discussion about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> but last night, romney had a complete about face. now he is denouncing that remark all together. >> clearly in a campaign with hundreds, if not thousands of speeches and question and answer sessions, now and then you're going to say something that doesn't come out right. in this case i said something that's just completely wrong. i absolutely...
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bring us along the same path that led to the economic disaster in two thousand and eight with shields tax cuts for the wealthy enormous deficits low employment rates and president obama has a pathetic record he's the only president that has presided over three years of unemployment of over eight percent that absolutely can be changed do we know that that's what the american people want it's simply that we don't have those elected to office that are willing to take on the special interest. the chinese sound company is sowing president barack obama after he blocked the farm from building when farms in the u.s. on national security grounds and its lawsuits the firm says obama over a stepped his authority and after an unlawful manner was now give more perspective on the developing route with professor joseph chang of hong kong state university thanks for being with us here on our team first of all the one farm project is right next to u.s. military bases that test new drone so isn't a bomb in this case well within his rights to block the deal. well at least that from the chinese authorities p
bring us along the same path that led to the economic disaster in two thousand and eight with shields tax cuts for the wealthy enormous deficits low employment rates and president obama has a pathetic record he's the only president that has presided over three years of unemployment of over eight percent that absolutely can be changed do we know that that's what the american people want it's simply that we don't have those elected to office that are willing to take on the special interest. the...
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individual mandate was a permissible use of the taxing power of congress and not the commerce clause and thus the law can be upheld. i think that there were three main reasons. the first was i think you have to take things at face value and that would be a legitimate use of it. the second and third, more importantly, the second and third final, many people saw health care as a third in a trilogy of cases, starting with bush and gore in 2000, and in those first two cases, you have five republican justices gashing dreams of democrats in what seems to many is a very partisan case. it looked like the thinking was going to happen. the five republican nominees were going to trash a democratic dream. roberts recoiled at that idea. roberts has a very keen sense of politics in the larger sense. and he knew and cared deeply that the supreme court not be regarded as simply another branch of congress, where democrats and republicans fight. he wanted the court to be seen, if at all possible, as somewhat elevated from that sort of discourse. it is also is a third reason, worth remembering that rep
individual mandate was a permissible use of the taxing power of congress and not the commerce clause and thus the law can be upheld. i think that there were three main reasons. the first was i think you have to take things at face value and that would be a legitimate use of it. the second and third, more importantly, the second and third final, many people saw health care as a third in a trilogy of cases, starting with bush and gore in 2000, and in those first two cases, you have five...
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three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the deficit or increasing the burden on middle and low-income workers. president obama will press him on that. by the same token, p obama says he wants to cut the corporate rate from 35 to 28. he hasn't specified how he's going to pay for that. on jobs, you can expect to hear mitt romney talk about on net since january 2009 when barack obama took office, hardly any jobs created. barack obama will talk about a time line beginning in early 2010. since then, 4 million private sector jobs have been created. finally, medicare, the big issue threatening go bankrupt the budget long term. mitt romney is proposing a substantial change that would include vouchers. he hasn't said how much they'd grow over time. president obama has not said whether or not he's going to propose the same kind of changes like raising the eligibility age for medicare that he t
three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the deficit or increasing the burden on middle and low-income workers. president obama will press him on that. by the same token, p obama says he wants to cut the corporate rate from 35 to 28. he hasn't specified how he's going to pay for that. on jobs, you can...
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the workkrs are accusee of concealing fraud by manipulating the firm's and tax returns. theenew charges come after madoff'ss brother... who worked at the ffrm... was recently sentenced to 10 years for participating ii the fraud. 3 with jusstone day to go until the first presidential debatee.. a new c-n-n/ o-r-c poll showw it's going to be very tight race. race.according to the ppll... 50-perceett f likely voters with a 3-point-5-percent at's - margin of error. those figures are similar to results from other recent national polls. neither candidate appearr to have n edge on the economy... for american voters. that brings us to our quession of the day.is there any chance the debate will cange our vote? we'll take our calls in our 7 o'clock hour. you can also go tt fox-baltimooe dot com and tell us what you thinn... sound off tweet.. at foxbaltimore. us a - a voter watchddg group says ttey've found voter fraud in a. paryland."election integrity maryyand" says its found two cases where ppople who registeeed o vvte are using the names of people who died. they say...many other
the workkrs are accusee of concealing fraud by manipulating the firm's and tax returns. theenew charges come after madoff'ss brother... who worked at the ffrm... was recently sentenced to 10 years for participating ii the fraud. 3 with jusstone day to go until the first presidential debatee.. a new c-n-n/ o-r-c poll showw it's going to be very tight race. race.according to the ppll... 50-perceett f likely voters with a 3-point-5-percent at's - margin of error. those figures are similar to...
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. >> why is it if you take advantage of a tax break and you're a corporation, you're a smart business man. if you take advantage of something you need not to be hungry, you're a moocher. >> reporter: they sparred over health care. >> free market failed. >> you can have government regulation of it, just don't have them run it was be insaid but over the snail's pace of the livestream. after paying $4.95, thousands moved to facebook to complain. >> thank you for coming out to see us. >> reporter: after the debate o'riley and stewart apologized for the technical glitches and offered refunds and then in a show of surprising and unprecedented restraint, no victory dance around the ring. >> i don't think you can look at these things, you know, of this idea it's a match and there's a winner and the winner takes all. >> the display that you saw tonight is why america is america, you know. robust, creative, no holds barred. >> get off. >> reporter: half of the proceeds of that event will be going to various charities chosen by o'riley and stewart. one historical note here, savannah guthrie, its
. >> why is it if you take advantage of a tax break and you're a corporation, you're a smart business man. if you take advantage of something you need not to be hungry, you're a moocher. >> reporter: they sparred over health care. >> free market failed. >> you can have government regulation of it, just don't have them run it was be insaid but over the snail's pace of the livestream. after paying $4.95, thousands moved to facebook to complain. >> thank you for...
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been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the chavez national monument that may help rally hispanic voters. new politico, george washington university battleground tracking poll of likely voters shows president may have an intensity problem. only 73% support him say they are extremely likely to vote compared to 86% who back romney. >> they know the race has tightened. >> bret: ed henry traveling with the president in california. ed thanks. >>> we are less than a month away from election day. much of the country is already taking part in early voting. we are taking our weekly look at how the electoral college map is shaping up. joining me again today are
been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the...
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under his tax plan. >> but their tax rates will come down. >> george, you chakd the rates. if the same amount of money coming out of your pocket and my pocket, you don't care what the rate is. i think what we're trying to do is where america is more competitive on its race with the rest of the world. we're competing in a global economy, and so, that's what governor romney is laying out a very clear vision on that. guess what he's going do, he's going negotiate with congress about those loopholes. that's what he's going to do. he's not going to lock himself into something now. >> don't voters have the right to know what those are? >> the voters have the right to know what direction he's going to take the country in. he's going to reduce so nobody is paying less in the wealthy class than before. here's what he's learned that the president has never learned, 85% of his legislation was democratic when he was governor in massachusetts. you can lay out aspirational goals and visions, you have to get down to negotiating to get things done. in washington, the president draws hard l
under his tax plan. >> but their tax rates will come down. >> george, you chakd the rates. if the same amount of money coming out of your pocket and my pocket, you don't care what the rate is. i think what we're trying to do is where america is more competitive on its race with the rest of the world. we're competing in a global economy, and so, that's what governor romney is laying out a very clear vision on that. guess what he's going do, he's going negotiate with congress about...
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to take unemployment that person is lazy corporate tycoons like zell were paying their fair share of taxes america could easily invest in our infrastructure and our students that's a limiting most on employment and ending a lot of the need for unemployment benefits and food stamps calling honest and hardworking americans who are just trying to survive lazy that is very very. the business model of the office supply chain staples represents the cancer stage of capitalism it's also what mitt romney claims as one of his biggest accomplishments of bain capital expect to hear him mention it during the debates tomorrow so what exactly did romney accomplish at bain capital by investing in and growing staples i would argue one of his main accomplishments was the destruction of one slice of the american economy. consider this economies are like complex ecosystems with lots of energy dependent players and a set of basic rules in nature the wide range of players is called biodiversity and pain by varying ecosystems like the arctic and jungles and plains in the oceans and so on nature's ecosystem is al
to take unemployment that person is lazy corporate tycoons like zell were paying their fair share of taxes america could easily invest in our infrastructure and our students that's a limiting most on employment and ending a lot of the need for unemployment benefits and food stamps calling honest and hardworking americans who are just trying to survive lazy that is very very. the business model of the office supply chain staples represents the cancer stage of capitalism it's also what mitt...
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the tax system should be chaiked to raise taxes on the top brackets. two-thirds of americans agree in almost every poll to those numbers so there is sentiment to change things. but there's not anger in any kind of rebellious sense of word. in fact there's not even the same kind of anger that promptedded the middle class to protest back in the '60s and '70s. >> suarez: there are tons of books covering this era that take a cut of it just as a political story or just as an economic story or even as a cultural story. the story you're trying to tell here needs to be all those things. i think you're saying you have to look at it all in an interlocking way to understand it. >> absolutely. such a good point you're making here. what we forgot was that middle class prosperity, economics, depended on middle class power. politics. and today this gross inequality that you see in income is accompanied by a starkly unequal democracy. symbolized by the super pacs, symbolized by the fact that business, lobbyists... business spends 65 times as much money on lobbyists as
the tax system should be chaiked to raise taxes on the top brackets. two-thirds of americans agree in almost every poll to those numbers so there is sentiment to change things. but there's not anger in any kind of rebellious sense of word. in fact there's not even the same kind of anger that promptedded the middle class to protest back in the '60s and '70s. >> suarez: there are tons of books covering this era that take a cut of it just as a political story or just as an economic story or...